HR 4953 · 116th Congress · Taxation

Private Foundation Excise Tax Simplification Act of 2019

Introduced 2019-10-31· Sponsored by Rep. Davis, Danny K. [D-IL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2019-10-31)

Plain Language Summary

[AI summary unavailable — showing source text] Private Foundation Excise Tax Simplification Act of 2019 This bill reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans
Rep. Holding, George [R-NC-2]NC
Rep. Smith, Adrian [R-NE-3]NE